D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Core Alternative Capital

Core Alternative Capital cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,733 shares of the construction company’s stock after selling 1,602 shares during the period. Core Alternative Capital’s holdings in D.R. Horton were worth $5,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nemes Rush Group LLC raised its stake in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after buying an additional 82 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company’s stock valued at $1,221,000 after buying an additional 89 shares in the last quarter. Horizon Investments LLC grew its holdings in D.R. Horton by 1.7% during the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after acquiring an additional 91 shares during the period. Blair William & Co. IL raised its position in D.R. Horton by 0.3% in the fourth quarter. Blair William & Co. IL now owns 36,782 shares of the construction company’s stock worth $5,143,000 after acquiring an additional 95 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its position in D.R. Horton by 3.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company’s stock worth $446,000 after acquiring an additional 98 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DHI. Keefe, Bruyette & Woods lowered their price target on shares of D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. BTIG Research decreased their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. JMP Securities lowered their target price on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group dropped their target price on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, Wall Street Zen raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $151.15.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director owned 2,193 shares of the company’s stock, valued at $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.54% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $132.08 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. The business’s fifty day moving average price is $124.15 and its two-hundred day moving average price is $129.38. The stock has a market cap of $40.57 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 4.12 and a beta of 1.38. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. During the same quarter in the prior year, the company earned $3.52 earnings per share. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. D.R. Horton’s dividend payout ratio (DPR) is currently 12.11%.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.